Ofo ‘scales back’ bike sharing operations in US

Chinese bike sharing company Ofo is scaling back its US operations and has laid off employees from multiple departments. The move, according to a report by Quartz, will allow the company to refocus on markets in a bid to become profitable. The start-up plans to continue operating in US cities such as Seattle, San Diego and New York. According to Quartz, the company is also leaving Australia and Israel and reducing operations in the UK. The company operates yellow bicycles which riders can rent thro
July 24, 2018 Read time: 1 min
Chinese bike sharing company Ofo is scaling back its US operations and has laid off employees from multiple departments. The move, according to a report by %$Linker: 2 External <?xml version="1.0" encoding="utf-16"?><dictionary /> 0 0 0 link-external Quartz false https://qz.com/1331368/bike-sharing-company-ofo-is-dramatically-scaling-back-in-north-america/?utm_source=Sailthru&amp;utm_medium=email&amp;utm_campaign=Issue:%202018-07-20%20Smart%20Cities%20Dive%20Newsletter%20%5Bissue:16284%5D&amp;utm_term=Smart%20Cities%20Dive false false%>, will allow the company to refocus on markets in a bid to become profitable.


The start-up plans to continue operating in US cities such as Seattle, San Diego and New York.

According to Quartz, the company is also leaving Australia and Israel and reducing operations in the UK.

The company operates yellow bicycles which riders can rent through a mobile app for around £1 per minute or one hour ride, depending on the city.

Ofo was founded in 2014 by students at Beijing’s Peking University and entered the US last year with the intention of offering a transportation option that could cover first- or last-mile trips.

Urban Traffic Control

Related Content

  • Webinar: ITS European Congress
    May 22, 2014
    ITS Helsinki has announced a webinar on 4 June to present the congress programme and help visitors plan their trip to the European congress. Eric Sampson, senior congress programme advisor, will present this year’s programme by highlighting some of the most engaging sessions and events of the week, including the opening ceremony, the three plenary sessions and the closing sessions, as well as the eco-driving competition, the White Night and more. Didier Gorteman, director of Congresses, will introduce
    Read More
  • Evergrande is new main owner of NEVS
    January 22, 2019
    Chinese property developer Evergrande has acquired 51% of shares of NEVS (National Electric Vehicle Sweden) in a bid to help the smart car firm develop green mobility solutions. Evergrande’s business covers technology, real estate, health and cultural tourism. The deal is expected to help NEVS develop a second car manufacturing plant in Shanghai which will be used to develop electric vehicles and transport solutions. Currently, NEVS has a manufacturing plant in Tianjin, China, and Trollhättan, Sweden
    Read More
  • New mobility services could benefit city dwellers and make public transport more affordable
    November 3, 2017
    New mobility services integrated into mass transit systems could improve the lives of all urban inhabitants and make public transport more affordable, accessible and sustainable, according to research from the Coalition for Urban Transitions (CfUT). It also presents the first global survey of new mobility services, and identifies emerging trends and opportunities for decision-makers in both the public and private sectors.
    Read More
  • Inrix ranks U.S. most congested developed country in the world
    February 7, 2018
    The U.S. is the most congested developed country in the world, with drivers spending an average of 41 hours a year in traffic during peak hours, costing them nearly $305bn (£220bn) in 2017, an average of $1,445 (£1,042) per driver. The findings come from Inrix’s annual Global Traffic Scorecard, which analysed 1,360 cities across 38 countries. Additionally, the study revealed that the U.S. had three of the top five most congested cities globally, costing an economic drain upwards of $2.5bn (£1.8bn). Los
    Read More

Highlighted Content